Denison Mines Corp DML Earnings Miss Estimates by 50.0%

Denison Mines reported a quarterly loss of C$0.03 per share, one cent more than analysts expected.

Denison Mines Corp. (TSX: DML) reported earnings per share (EPS) of -C$0.03 for the quarter ended September 30, 2026. Analysts had expected a loss of C$0.02 per share, making the result a 50% miss. The company released its results after the market closed on November 5.

Recent earnings trend

Analyst coverage: 3 analyst(s) cover this name; upcoming EPS consensus is available.

Beat estimates in 1 of the last 4 comparable quarter(s).

Denison is an early-stage uranium explorer and developer focused on Saskatchewan’s Athabasca Basin. Its Wheeler River project is central to its plans. These results should be viewed in the context of a developer, not an established uranium producer. Visit the Denison Mines stock page for more company and share information.

Investor takeaway: The loss was slightly wider than expected, but one EPS result tells only part of the story for a uranium developer. Project progress, financing and the potential for future production also matter. Denison has missed earnings estimates in three of its last four reported quarters, with a strong positive surprise in June breaking the pattern. The data provided don’t include quarterly revenue or margins, so those measures can’t be assessed here.

C$0.03 loss per share

Denison reported a loss of C$0.03 per share, C$0.01 wider than the C$0.02 loss analysts expected. That’s a 50% negative surprise. The estimate was based on three analysts. Over the 30 days before the report, the EPS consensus fell from -C$0.01 to -C$0.02, with one downward revision and none upward.

Earnings analysis

For the quarter ended September 30, Denison reported EPS of -C$0.03, compared with an estimate of -C$0.02. That’s a 50% miss, though the difference was C$0.01 per share. The estimate was based on three analysts. No quarterly revenue estimate or actual result was provided, so revenue growth and margins can’t be assessed from this earnings report.

Denison’s recent EPS results have varied. It reported -C$0.03 against an estimate of -C$0.02 in December 2025, and -C$0.1272 against -C$0.01 in March 2026. In June, it reported C$0.03 against an estimate of -C$0.01, before missing estimates in the latest quarter. That adds up to one beat and three misses over four quarters. The recent earnings trend table and chart show the quarterly details.

Analysts had lowered their EPS estimate before the report, from -C$0.01 to -C$0.02 over 30 days. There was one downward revision and none upward. Even after that change, the reported loss was wider than expected.

Company context

Denison is a Canadian uranium explorer and developer focused on Saskatchewan’s Athabasca Basin. Its Wheeler River project is central to its potential future supply. Unlike an established producer, Denison’s results need to be considered alongside project development and the time and funding needed to advance its plans. The earnings data provided don’t include new project milestones or financing details, so they don’t show whether those factors changed this quarter.

For Canadian investors, the distinction matters. Future uranium production could offer upside if projects advance and market conditions support development. But the investment case also depends on execution, access to capital and uranium-market conditions. Denison’s trailing 12-month EPS is -C$0.06, and its reported profit margin is 0.00%.

Analyst targets and share performance

The average analyst price target is C$6.42, compared with the last close of C$3.32. That implies 93.5% potential upside to the average target. The displayed rating is bullish because the average target is above the last close. A formal rating isn’t available for this Canadian listing. Price targets are estimates, not guaranteed returns. See the analyst ratings section for details.

Wealth Awesome’s statistical 90-day price model gives a mean forecast of C$2.78. Its 68% range is C$1.82 to C$4.24, and its 95% range is C$1.19 to C$6.46. The mean forecasts for 30, 60 and 90 days are C$3.13, C$2.95 and C$2.78. The model reports annualized drift of -50.0% and 30-day volatility of 70.6%. These are model estimates, not financial advice or a guarantee of future share prices. See the price-prediction section for details.

At the last close of C$3.32, DML.TO was below its 50-day moving average of C$3.73 and its 200-day average of C$4.57. The shares gained 7.44% in one day and 11.78% in one week, but were down 4.05% over one month. These figures show recent share performance; they don’t explain the earnings result or establish a trend.